India stands therefore at a crossroads. In 10 years from now, 600 million Indians will be living in cities with more than a million inhabitants who generate at least 600,000 tonnes of garbage a day. Incinerating this garbage will endanger the lives of future generations. Alternatively, this is sufficient to produce more than 35 million tonnes of transport fuel a year and meet half of India’s current consumption of the same. The saving in foreign exchange will lift the threat of a foreign exchange crisis forever. It will also free domestic prices from the yoke of international oil prices forever. And it will do all this without requiring a rupee of subsidies.
Posted on: Thu, 18 Jul 2013 10:23:34 +0000
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